Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity - after paying for his 10-year-old nephew's college education.
“You want to be the pebble in the pond that creates the ripples for change,” Cook told the magazine.
Fortune estimated Cook's net worth, based on his holdings of Apple stock, at about $120 million. He also holds restricted stock worth $665 million if it were to be fully vested.
The 54-year-old CEO's revelation in Fortune's lengthy profile of him is an example of the increasingly public philanthropy of the world's richest people.
READ MORE
Follow us on Facebook:
PEFM 87.6
Follow us on Twitter:
@PEFMnews
Listen to us on streaming internet radio at: Tunein and from our website at: PEFM
International Correspondent Scott Congdon can be reached at:
Mail: scottcpefm@gmail.com
Phone: 010 500 8203 (in South Africa) (Available 3-5pm SAST weekdays)
011 27 10 500 8203 (calling from outside of South Africa) (Available 3-5pm SAST weekdays)
*Note: Views expressed in the commentaries on this website are those of individual authors and not necessarily those of PEFM 87.6or our presenters or correspondents. Quotes are obviously the opinion of the source. A quote is just a quote and these are offered without comment. Use of a news story or commentary is not an endorsement of the source website.
© PEFM 87.6
No comments:
Post a Comment